SEC Filing Summary: Income Opportunity Realty Investors, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed on January 11, 2006, by Income Opportunity Realty Investors, Inc. (IOT), a Nevada corporation. The report discloses corporate governance actions taken following the Annual Meeting of Stockholders held on December 15, 2005.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate structural amendments and does not contain financial performance data.
Material Changes
The primary material change reported is the amendment of the Company's Articles of Incorporation, effective January 11, 2006. The stockholders approved the following increases in authorized share capital:
- Common Stock: Increased from 10,000,000 shares to 100,000,000 shares.
- Preferred Stock: Increased from 1,000,000 shares to 10,000,000 shares.
- Par Value: Remains at $0.01 per share for both classes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to notify the SEC of the filed Certificate of Amendment with the Secretary of State of Nevada.
Key Facts for Investor Verification
- Verify the exact number of shares currently outstanding versus the new authorized limit of 100 million common shares.
- Confirm the par value of $0.01 per share for both Common and Preferred stock.
- Review the Certificate of Amendment (Exhibit 3.2) filed with the Nevada Secretary of State on January 11, 2006.
- Note that this filing does not indicate an immediate issuance of new shares, only an increase in authorization capacity.